The Ledger
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Lunia: Flipkart's revenue is bigger than all offline retail combined
“Frankly, I think bigger than all offline retail companies put together, right, in the revenues the credit goes to Flipkart, right?”
Ahluwalia: Meesho matched or beat Flipkart's order volume during 2022 festive sales
“Misho is competing with the likes of Flipkart head to head in 2022, right? They clocked almost equal number of orders or higher number of orders in the recent, you know, the great India annual festival, which is done before Diwali.”
Accel India initially invested 70 lakh INR for 10 percent of Flipkart
“And we ended up getting like first investment was 70 lakh for 10%.
And then we put in another money.
And so we, then the deal was to put another two crore for 10%.
And then we had another option of getting five percent at additional investment, but by then Tig…”
Lunia: Amazon still has not conclusively taken India's top e-commerce spot
“I mean, it's been like six years since Amazon entered, they still haven't taken the number one spot conclusively.”
Rajagopal: Women form 65% of Myntra's base while Flipkart skews male
“More than 65% of the consumer are women in Myntra, and in Flipkart, you would see it to be the other way around.”
Garg: Flipkart was the first to introduce debit card EMIs in India
“Flipkart was the first one to come up with a debit card AMI because India, they understand India has debit cards, you know.”
Flipkart pioneered mandatory ESOP grants for junior engineers in India
“Flipkart, for example, was one of the first few companies at any kind of realist scale, which actually shared ownership around. So like some of my friends, younger brothers who joined Flipkart, even as junior engineer, all of them got ESOPs mandatory. And now …”
India's entire online book market was under $20M when Flipkart launched
“So they were doing books and the entire online books market was less than twenty million.”
boAt built its audio business by disrupting distribution via e-commerce marketplaces
“We have a company called Boat, which has now built a very large Mobile accessory business primarily audio headsets and earphones and wireless speakers, which has disrupted the whole approach of how this business can be built, working with partners like Amazon,…”